Author/Authors
YÜKSEL, Aslı Bahçeşehir Üniversitesi - İ İ B F - İşletme Bölümü, Turkey , YÜKSEL, Aydın Işık Üniversitesi - İ İ B F - İşletme Bölümü, Turkey
Title Of Article
The Relationship Between Banking Sector Stock Index and Inflation: Evidence From Seven Countries
شماره ركورد
25675
Abstract
The objective of this study is to analyze the relationship between banking sector stock index and consumer price index in seven countries. While there exist numerous studies in the literature on the relationship between stock market index and consumer price index, only few publications examine the relationship between sector indicies and consumer price index. This study aims to fill this gap in the literature. The long-term relationship is analyzed using Johansen Cointegration Analysis and ARDL(Autoregressive Distributed Lag) model. The results show that there is a long-term relationship between banking sector stock index and consumer price index only in Argentina. Moreover, the use of Granger Causality Analysis indicates that there is no causality between banking sector stock index and consumer price index in the U.S., Austria and Hungary.
From Page
37
NaturalLanguageKeyword
Banking sector , stock return , inflation , cointegration analysis
JournalTitle
Journal Of Management and Economics
To Page
50
JournalTitle
Journal Of Management and Economics
Link To Document